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White Collar Crimes

Guilty plea in United Way embezzlement

Florida residents might like to know about a former Milton mayor charged with tax evasion and wire fraud. The man was the director of the Santa Rosa County United Way, and he allegedly embezzled $650,000 from his employer. He pleaded guilty to the charges. According...

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What to know about pyramid and Ponzi schemes

Florida residents may have heard of the terms "Ponzi scheme" and "pyramid scheme." While the two terms are similar, they're not exactly the same. The big difference between such schemes is that a pyramid scheme does not promise any specific rate of return. Meanwhile,...

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How money is laundered

Money laundering is the action of making dirty money appear as if it has come from a legitimate source. To engage in money laundering, an individual or organization in Florida will take cash earned from an illegal activity and layer it. This is the process of using...

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Owner of companies indicted for wire fraud

On Oct. 24, the owner of two companies that were hired to work for a Florida non-profit organization was indicted on wire fraud charges. The companies, which were based in Los Angeles, were reportedly hired to do marketing for the non-profit.Under state law, marketers...

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Florida man sentenced in wire fraud case

The owner and operator of a Florida investment firm received a sentence of five years in federal prison on October 17 on fraud charges. Federal prosecutors claim the man was involved in a conspiracy with others to defraud investors, which allowed them to accumulate...

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